
Morgan Creek Digital
Description
Morgan Creek Digital Assets is a prominent investment firm specializing in the burgeoning blockchain and digital asset ecosystem. Co-founded by Anthony Pompliano and Mark Yusko, CEO of the parent Morgan Creek Capital Management, the firm has established itself as a key player in channeling institutional capital into this innovative sector. Their investment mandate is broad, encompassing venture capital, private equity, and hedge fund strategies, primarily targeting companies and protocols that are building foundational infrastructure and applications within the decentralized web.
The firm actively manages capital for a diverse range of institutional investors, including endowments, foundations, pension funds, and family offices, reflecting a growing mainstream acceptance of digital assets as an investable class. Morgan Creek Digital has demonstrated a consistent commitment to the space through the launch of multiple dedicated funds. For instance, they successfully closed their third venture fund, Morgan Creek Digital Venture Fund III, at $52 million in 2021, following earlier funds such as a $40 million vehicle launched in 2019. This progressive increase in fund sizes underscores their expanding influence and the increasing demand from limited partners for exposure to digital assets.
Morgan Creek Digital's investment philosophy centers on identifying and supporting early-stage companies that are poised to become leaders in the digital asset economy. Their portfolio spans various segments, including decentralized finance (DeFi), blockchain infrastructure, and digital asset services. Notable investments include companies like BlockFi, Anchorage, and Figure Technologies, among others, showcasing their focus on critical components of the crypto financial system. The firm typically participates in rounds from seed to Series B, providing not just capital but also strategic guidance and network access to their portfolio companies, aiming for long-term value creation in a rapidly evolving technological landscape.
The firm's public profile, significantly amplified by co-founder Anthony Pompliano's advocacy, positions them as thought leaders in the digital asset space. They are known for their conviction in the transformative potential of blockchain technology, often engaging in public discourse to educate and promote the adoption of decentralized solutions. This combination of strategic investment, institutional backing, and strong industry advocacy defines Morgan Creek Digital's unique position in the venture capital landscape.
Investor Profile
Morgan Creek Digital has backed more than 30 startups, with 5 new investments in the last 12 months alone. The firm has led 13 rounds, about 43% of its total and boasts 2 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada, Switzerland.
- Strong thematic focus on Blockchain, FinTech, Financial Services.
- Led 3 rounds in the past year.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (30%)
- Series A (20%)
- Series B (17%)
- Series C (7%)
- Series Unknown (7%)
- Series D (7%)
- Pre Seed (7%)
- Angel (3%)
- Initial Coin Offering (3%)
Country Focus
- United States (73%)
- Canada (10%)
- Switzerland (3%)
- Bermuda (3%)
- Dominican Republic (3%)
- Estonia (3%)
- Hong Kong (3%)
Industry Focus
- Blockchain
- Fintech
- Financial Services
- Cryptocurrency
- Web3
- Bitcoin
- Finance
- Software
- Consumer Lending
- Banking
Frequently Asked Questions
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